Heesu Lee

South Korea’s exports extended their strong run in June, highlighting the durability of the semiconductor boom that is underpinning growth.

South Korea’s consumer inflation accelerated to its fastest pace since December 2023 in June, matching economists’ estimates and reinforcing expectations that the central bank will keep a close watch on underlying price pressures.

Deep inside a government complex in Sejong, about two hours from Seoul, a room known as “the box” is ground zero for South Korea’s currency anxieties.

Seoul is pressing ahead with landmark reforms to win developed-market status, even as the won languishes near a 17-year low.

South Korea’s growth outlook received the biggest upgrade among the world’s 30 major economies in the International Monetary Fund’s latest projections, adding to evidence that the country’s artificial intelligence-driven semiconductor boom is overpowering the economic hit from the Middle East conflict.

South Korea’s central bank reiterated that policy rates will need to rise at an appropriate time, reinforcing its hawkish stance just a week before policymakers will meet to decide on whether to resume tightening.

South Korea’s government is taking a more bullish view of the economy than the International Monetary Fund’s recent assessment, maintaining that an artificial intelligence-driven semiconductor boom will continue to outweigh the impact of the Middle East conflict.

South Korea's government is taking a more bullish view of the economy than the International Monetary Fund's recent assessment, maintaining that an artificial intelligence-driven semiconductor boom will continue to outweigh the impact of the Middle East conflict.

South Korea’s central bank raised interest rates Thursday for the first time in more than three years as an artificial intelligence-driven chip boom helps fuel sticky inflation and faster-than-expected economic growth.

(Bloomberg) -- South Korea’s central bank raised interest rates for the first time in more than three years and flagged the possibility of further increases as an artificial intelligence-driven chip boom helps fuel sticky inflation and faster-than-expected economic growth.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hi